an america built to last martha kanter, under secretary illinois board of higher education february...
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An America Built to LastMartha Kanter, Under SecretaryIllinois Board of Higher EducationFebruary 5, 2013
[T]he biggest domestic issue in the next four years will be how we respond to changes in technology, globalization and markets that have, in a very short space of time, made the decent-wage, middle-skilled job – the backbone of the middle class – increasingly obsolete. The only decent-wage jobs will be high-skilled ones.
Thomas FriedmanNovember 7, 2012
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The “Cradle-to-Career” AgendaThe Administration has outlined five core priorities for supporting P-20 education reform:
1. College Affordability and Quality2. Raising Up the Teaching Profession3. Aligning Job Training and Education Programs with
Workforce Demands4. Protecting Formula Programs for At-Risk
Populations5. Building on the Momentum for Innovation and
Reform 4
Affordability and Quality in Postsecondary Education
A three-part approach to postsecondary reform:
•Encourage greater innovation for lower-cost, higher-quality postsecondary providers
•Address funding needs and improve institution efficiency through modernization at the State level
•Encourage and reward better outcomes through federal investment
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Federal Investments in Innovation• Improving P-12 Outcomes:• Race to the Top• Investing in Innovation (i3)• Race to the Top - Early Learning Challenge• Race to the Top - District
• Advanced Research Projects Agency for Education (ARPA-ED)• A proposed initiative to fund projects run by industry,
institutions or other innovative organizations that represent the intersection of education, innovation, and infrastructure.
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Federal Investments in Innovation• Race to the Top – College Affordability and
Completion• A $1 billion competition that will drive systemic State
reforms that lead to increased affordability, quality and productivity at colleges of all levels
• First in the World Innovation Fund• A $55 million investment in individual colleges and
nonprofit organizations designed to develop, validate or scale up innovative and effective strategies for boosting productivity and enhancing quality on campus
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Other Key Programs:• GEAR UP and TRIO programs provide intensive services to
K-12 and college students • School Turnaround Grants support innovative and rigorous
interventions in low-performing schools • Promise Neighborhoods invest in comprehensive
community reforms• 21st Century Community College Learning Centers offer
enriching academic activities Encourage innovation and• IDEA Part B Grants ensure support for individuals with
disabilities through
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Federal Investments in Innovation
Blueprint for an America Built to Last
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“Higher education can’t be a luxury -- it is an economic imperative that every family in America should be able to afford.”
President Barack ObamaState of the Union AddressJanuary 24, 2012
Federal Investments in Innovation• Direct Savings to Help Students • Conversion to Direct Loans saved $68 billion dollars over 11 years, of
which $40 billion has gone directly to students
• Increasing Pell Grants• President Obama has raised the maximum Pell Grant award to
$5,635 for the 2013-14 award year• Total Pell Grant recipients have increased by 50% since 2008 – from
6 million students in 2008 to more than 9 million today
• Easing Access to Federal Aid• Simplification of the Free Application for Federal Student Aid (FAFSA)
has helped fuel a 30% increase in applications since 2009• More than 21 million students will submit a FAFSA this year
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Federal Investments in Innovation• Help Students Manage Debt• Income-Based Repayment will allow students to cap repayment of
loans at 10% of monthly income• Public Service Loan Forgiveness supports students pursuing public
service careers• Pay as You Earn greatly expands number of students who can cap
their payments
• Expand Education Tax Credits• The American Opportunity Tax Credit (AOTC) provides 9.4 million
students and families with up to $10,000 for four years of college
• Trade Adjustment Assistance Community College Career Training Initiative (TAACCCT)• $2 billion partnership between ED and Dept. of Labor to create
programs that prepare students for the 21st century global economy11
Improving Transparency
• College Affordability and Transparency Center:
• Financial Aid Shopping Sheet (adopted by 22 schools in Illinois!)
• Interactive Loan Counseling Tool
• College Scorecard
• New Federal Student Aid Website: www.studentaid.gov
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The “Cradle-to-Career” AgendaFive core areas for work in 2013:
1. College Affordability and Quality2. Raising Up the Teaching Profession3. Aligning Job Training and Education Programs with
Workforce Demands4. Protecting Formula Programs for At-Risk
Populations5. Building on the Momentum for Innovation and
Reform
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